Jace Thornton
How do you depreciate carpet
I have a rental and I am also a tenant in privatized base housing. The base does not depreciate the carpet one cent until it is 3 years old. After that it goes down 15% up to 4 years, 30% from year 4 to 5, 45% from ye...
Robert Kohnfelder
PGH2O water/sewage bills - landlord's responsibility or tenant's?
I have a SFH property here in Pittsburgh that will be finished with work and ready for rent in the next few weeks, and I'm wondering about the water bill (PGH2O to be specific). First off, I also own a duplex which do...
Steven Cherry
Down Payment on Owner Occupied Duplex in NJ
Hey all. I am interested in purchasing a duplex in NJ to live in and rent out the other unit. My mortgage broker says that if I want to do a conventional loan, I have to put 20% down. However, when I look on Fannie...
Kian Tajadod
Private company is saying my property is vacant and trespassing
Hey everyone,so I had a tenant that I had to evict. They left a horrible mess behind with trash and unwanted belongings. We threw everything out and have been cleaning up the property. Recently a private company has b...
Melkon Kechichian
How do I spit check lenders and private companies credibility ?
Has anyone heard of the private lending company Gallon finance corp ?
I heard there was some companies scamming out there , how can you be scammed and does this often happen ?
They want 3,500 to process the applica...
Monica McCabe
Just became involved with hard money loan.
So I just became involved with investment lending on fix & flip properties. Its been difficult meeting broker and clients who are interested in it. What are the best ways to meet brokers and clients? Any advise or...
Walid Elfoly
private lender risks and disadvantages
hi bp members,it seems to me that it is very difficult for foreigns to get any type , mortgage from banks, especially if they leave out of US ,and i think that the easiest way is to get mortgage,loan, from a private ...
Nick Kourey
Unable to Refi Duplex because of limit on points and fees?
Hi all,So we're trying to cash-out refi our first duplex, but the first lender we contacted (Quicken) told us we do not qualify for any type of refi because of the state limit on points and fees. The mortgage will be ...
Corey Dutton
FHA Lending Shutdown Poses Future Opps for Hard Money Lenders
The government shutdown, the proverbial “psyche!” by legislators, certainly caused a stir among private money and hard money lenders. With so many government-backed loans in limbo, many borrowers made a last ditch ...
FLEXMAN JOHNSON
Vetting Finance Companies / Private Lenders
Great post guys,Has anyone ever herd of Samson Miller and Votton Finance? I’mtrying to vet him and his company.Thanks,Flexman Johnson